Saturday, May 26, 2007

Canada's Dollar Reaches 30-Year High on Outlook for Higher Interest Rates

(Bloomberg) -- The Canadian dollar reached a
30-year high and bonds fell as a strengthening economy
paced by rising commodity export receipts prompted
speculation the Bank of Canada will lift interest rates.

Canada's dollar was the top performer this week among
the 16 most-actively traded currencies against the U.S.
dollar, gaining 0.8 percent. It also reached a 15-year high
against the yen.


Read more at Bloomberg Currencies News

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